“We are already facing the challenges of climate change, and now there are concerns about health security, food security and energy security,” Modi said at the inaugural session of the third Voice of India Conference. Global South Summit hosted virtually by India. “Terrorism, extremism and separatism continue to pose serious threats to our societies.”
He called for unity among the countries of the bloc.
“There is an urgent need for countries in the Global South to come together, unite in one voice and strengthen each other,” Modi said. “Let us learn from each other’s experiences and share our capabilities. Together, let us make our resolutions a reality.”
New Delhi will share its capabilities with the Global South to promote mutual trade, inclusive growth and advancement of sustainable development goals, the Prime Minister said.
India will make an initial contribution of $25 million to the Social Impact Fundwhich has been set up to accelerate the use of the country’s digital public infrastructure (DPI) in the Global South, he said. Agreements have been reached to share the India Stack and systems such as digital IDs and payments with 12 partners from the Global South. The summit is taking place amid “an atmosphere of uncertainty”, with the world still grappling with the impact of Covid-19 and new development challenges due to various conflicts, he said.
“New economic and social challenges are emerging related to technology,” Modi said. “Global governance and financial institutions created in the last century have not been able to cope with the challenges of this century.”
Development Agenda
India created the Voice of the Global South platform after taking over G20 Presidency In 2022, the G20 will meet to discuss the needs of developing countries and to include them in the agenda of the bloc of the 20 largest economies. India hosted the first two summits virtually during its presidency of the G20.
He also incorporated suggestions from the Global South in the G20 Summit to be held in Delhi in September 2023. “The Voice of the Global South Summit became a platform where we openly discussed development-related issues and priorities,” Modi said. India led the G20 with an “inclusive and development-focused approach,” and this resulted in the African Union getting permanent membership in the G20, he added.
Modi referred to the creation of the Global IPR Repositorywhich was the first multilateral consensus on digital infrastructure. “We are pleased that agreements have been reached to share the India Stack with 12 partners from the Global South,” he said. “To accelerate DPI in the Global South, we have created the Social Impact Fund. India will make an initial contribution of $25 million.”
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